Domestic news
Sichuan plans to introduce a policy of exempting hydrogen vehicles from highway fees
Recently, the Sichuan Provincial Department of Economy and Information issued the "Announcement on Publicly Soliciting Opinions and Suggestions on the Action Plan for Further Promoting the Development and Promotion and Application of the Whole Hydrogen Energy Industry Chain in Sichuan Province (2024-2027) (Draft for Comments)", which proposes that hydrogen vehicles installed and use ETC equipment will be exempted from highway tolls in Sichuan Province. Sichuan is another province after Shandong that plans to introduce a policy of exempting hydrogen vehicles from highway fees.
China Association of Automobile Manufacturers: From January to March, the top 10 SUV manufacturers sold a total of 1.985 million units
According to the statistics and analysis of the China Association of Automobile Manufacturers, from January to March 2024, the top 10 SUV manufacturers in terms of sales volume sold a total of 1.985 million units, accounting for 65.7% of the total SUV sales. Among the above ten companies, compared with the same period last year, the sales of BYD, Tesla and FAW-Volkswagen declined, and the sales of other companies increased to varying degrees.
International News
Renault Group: revenue in the first quarter was 11.707 billion euros, a year-on-year increase of 1.8%
Renault Group discloses its first-quarter financial results. According to the financial report, total revenue in the first quarter was 11.707 billion euros, an increase of 1.8% year-on-year (5.9% year-on-year in constant currency terms). Renault's global sales were 549,000 units, up 2.6% from the same period a year ago.
The International Energy Agency expects global electric vehicle sales to rise to nearly 17 million this year, accounting for more than 20% of total vehicle sales
The International Energy Agency (IEA) released a report titled "Global Electric Vehicle Outlook 2024" on April 23. The report predicts that global electric vehicle sales will continue to rise, reaching about 17 million units this year, accounting for more than one-fifth of global car sales. According to the report, global electric vehicle sales in 2023 will be close to 14 million, accounting for 18% of total sales, compared to 14% in 2022. According to established policies, the report predicts that by 2030, nearly one-third of the cars on China's roads will be electric, compared with nearly one-fifth in the United States and the European Union.
Tesla was sued for layoffs for failing to give advance notice
Tesla was sued by a former employee, alleging that the company's decision to lay off about 10% of its global workforce violated the law by failing to provide advance notice as required by law. According to its complaint filed in a court in San Jose, California, Tesla "willfully and willfully disregarded employee rights" by failing to issue a 60-day warning as required by California law.
GM's first-quarter results beat expectations and raised its full-year guidance
General Motors reports first-quarter results. GM reported first-quarter net sales and revenues of $43.01 billion versus an estimate of $42.19 billion and adjusted earnings per share of $2.62 versus an estimate of $2.12. GM expects full-year adjusted earnings per share of $9.00 to $10.00 and full-year net income of $10.1 billion to $11.5 billion.
Corporate News
The China Securities Regulatory Commission (CSRC) issued a filing notice for Pony.ai's overseas issuance and listing. Pony.ai intends to issue no more than 98,149,500 ordinary shares and list them on the NASDAQ exchange or the New York Stock Exchange in the United States.
Lei Jun: The annual budget of the intelligent driving team is about 1.5 billion yuan, and the investment in intelligent driving will be further increased
On April 23, Lei Jun, founder, chairman and CEO of Xiaomi, said at the Xiaomi Group Investor Conference that the current annual budget of the intelligent driving team is about 1.5 billion yuan, about more than 1,000 engineers, and the next stage will be expanded to 1,500 people this year and 2,000 people next year, further increasing investment in intelligent driving.
Xiaopeng Motors responds to "employees cooperate with the investigation": Hebei police have recently launched an operation to crack down on the Internet water army The case is in the investigation stage On April 23, Xiaopeng Motors posted on Weibo that it had noticed the information reports from the media about the cooperation of Xiaopeng Motors employees with the investigation, and the information was explained as follows: 1. The Hebei police have recently carried out an operation to crack down on the Internet water army, and Xiaopeng Motors is also actively cooperating with the police in the investigation of suppliers. The case is in the investigation stage, so please do not believe or spread rumors, and do not affect the investigation and handling of the case by the public security organs. 2. Xpeng Motors is very supportive of the police's action to crack down on cyber trolls. Since its launch, Xpeng X9 has also been widely attacked by cyber trolls, with more than 5,000 negative reports. In response to such an attack by the trolls, Xpeng Motors has collected evidence and reported the case to the public security organs, which have now accepted it. We will also disclose updated information to the public in a timely manner.
Liu Yangwei, Chairman of Hon Hai Group: It is expected that the sales of Honghua electric passenger cars will exceed 10,000 units this year
According to the Taiwan Economic Daily, Liu Yangwei, chairman of Hon Hai Group, said that Hon Hon Advanced, a joint venture between Hon Hai and Yulon, will hold a shareholders' meeting on May 23. Liu Yangwei said that in terms of passenger cars this year, Taiwan customers have pre-received orders for more than 9,000 vehicles, and the annual sales volume is expected to exceed 10,000 units, and in terms of commercial vehicles, he expects to sell more than 100 vehicles.
Baidu Apollo released the ANP3 Pro, a pure visual city pilot assisted driving product
Baidu Apollo recently released the pure visual city pilot assisted driving product ANP3 Pro, which brings the hardware cost of high-end urban intelligent driving to 10,000 yuan and supports new energy models in the price range of 150,000-250,000 yuan. Baidu said that the ANP3 Pro can be used "out of the box", and will cover 360 cities in the first half of 2024, and can be opened nationwide by the end of the year.
Faraday Future appoints Executive Director of Product Launch
On April 23, Faraday Future announced that Werner Wilhelm will assist the company in an advisory capacity and assume the role of Executive Director of Product Launch, effective immediately. Werner Wilhelm has held key positions as body designer, vice president of R&D at automotive companies such as Audi AG, Volkswagen AG and Magna Steyr. Yueting Jia, the company's founder and chief product and user ecology officer, said, "The addition of Werner Wilhelm is an important step for us to accelerate our entry into the SOD-3 phase, significantly reduce costs, and improve product performance and quality.
Lifan Technology: Henan Lifan New Energy, the former wholly-owned subsidiary, was declared bankrupt by the court
Lifan Technology recently announced that the People's Court of Jiyuan City, Henan Province declared Henan Lifan New Energy Electric Vehicle Co., Ltd., a former wholly-owned subsidiary of Lifan Technology (Group) Co., Ltd., bankrupt. Henan Lifan will no longer be included in the scope of the company's consolidated financial statements after entering bankruptcy proceedings on December 15, 2023, and its bankruptcy liquidation will not adversely affect the company's financial position and operating results, nor will it affect the development of the company's existing main business.
Text: Chen Meng Editor/Layout: Liu Xiaoye
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